Strictly speaking, it is a PSC (that is : a Production Sharing Contract) whereby the government (ie ET) gets a share of the production that they may (or may choose not to) sell separately.
Similarly the contractor gets their share of the production: .... usually in a PSC that is composed of:
- a) a fixed share (ie up to a maximum %) of production from which past costs are recovered plus
- b) a fixed share of the remaining production that is essentially profit.
I do not know the % of cost, profit and government take for the Buffalo PSC, but it is meant to have the same financial outcome as the Australian PRRT over the life of the project. (Because Buffalo was first awarded to CVN in Australian waters as a PRRT acreage award by Australia, but it was transferred to East Timor on the condition that CVN be kept whole).
Strictly speaking, it is a PSC (that is : a Production Sharing...
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $330.6M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $683.0K | 3.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1534815 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 338152 | 6 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
18.8¢ |
Change
-0.005 ( 0.05 %) |
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| Open | High | Low | Volume | ||
| 18.8¢ | 19.0¢ | 18.5¢ | 2404632 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CVN (ASX) Chart |